President Dr Mohamed Muizzu has declared the Maldives International Financial Centre (MIFC) as a defining national endeavour, promising it will serve as a cornerstone of economic transformation and a symbol of bold ambition for generations to come.
Speaking at a high-profile signing ceremony held for the joint venture agreement and Memorandum of Understanding (MoU) that officially launches the MIFC, President Muizzu portrayed the project as a strategic leap into the future. The event, attended by prominent international dignitaries and industry leaders, marked the formal beginning of what the President described as a new era for the nation—driven by innovation, international cooperation, and a resolute national vision.
“This is not merely an infrastructure or economic initiative,” President Muizzu said. “The MIFC is the Maldives’ legacy of bold decisions, courageous partnerships, and shared national purpose.”
The President outlined his government’s vision to position the MIFC as a regional financial powerhouse—a “smart island” hub that reflects the Maldives’ growing role at the heart of the Indian Ocean’s economic and digital evolution. The centre, he said, will redefine the country’s global identity by going beyond tourism and fishing, the traditional pillars of the Maldivian economy.
According to the President, the MIFC will serve as a platform for a new financial ecosystem that is digitally advanced, sustainable, and inclusive. He emphasised that the Maldives will not replicate outdated models but instead create a benchmark for a future-ready financial hub that is borderless in its outlook and deeply integrated with global financial flows.
President Muizzu also linked the project to the nation’s long-term development ambitions, stating that the MIFC would play a pivotal role in helping the Maldives achieve developed nation status by 2040. With projected multi-billion-dollar revenues and a major boost to GDP, he said the centre is expected to unlock cross-sector opportunities, drive innovation, and uplift local communities.
“The MIFC is not just a financial centre—it’s a promise to our people that they will have access to the opportunities of tomorrow. It’s a commitment to resilience, to pride, and to building a future where Maldivians lead with confidence and capability,” he said.
The ceremony also included the official signing of agreements between the Ministry of Finance and Planning and MBS Global Investments, laying the groundwork for the establishment and development of the MIFC. The President concluded the event by presenting commemorative mementoes to international guests in recognition of their participation in what he called “a moment of national significance.”
As the Maldives moves ahead with its economic diversification agenda, the launch of the MIFC signals a decisive step toward redefining the nation’s place in the global financial landscape—one anchored in innovation, purpose, and bold leadership.
